Zacks Investment Research upgraded shares of First Financial Bankshares (NASDAQ:FFIN) from a hold rating to a buy rating in a research note released on Tuesday morning. They currently have $52.00 target price on the bank’s stock.
According to Zacks, “FIRST FINL BANKSHARES, INC. is a registered multi-bank holding company. “
Other analysts have also recently issued reports about the company. ValuEngine raised First Financial Bankshares from a hold rating to a buy rating in a research report on Monday, April 2nd. BidaskClub raised First Financial Bankshares from a hold rating to a buy rating in a research report on Friday, March 9th. Keefe, Bruyette & Woods reissued a hold rating and issued a $47.00 price target on shares of First Financial Bankshares in a research report on Tuesday, February 27th. Hovde Group set a $46.00 price target on First Financial Bankshares and gave the stock a hold rating in a research report on Monday, January 29th. Finally, SunTrust Banks reissued a hold rating and issued a $48.00 price target on shares of First Financial Bankshares in a research report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $44.71.
Shares of FFIN opened at $47.60 on Tuesday. First Financial Bankshares has a 52 week low of $36.85 and a 52 week high of $49.60. The company has a market capitalization of $3,246.98, a PE ratio of 28.00 and a beta of 1.27.
First Financial Bankshares (NASDAQ:FFIN) last issued its quarterly earnings results on Thursday, January 25th. The bank reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). First Financial Bankshares had a return on equity of 12.61% and a net margin of 35.72%. The company had revenue of $83.20 million during the quarter, compared to the consensus estimate of $90.40 million. research analysts predict that First Financial Bankshares will post 2.07 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Thursday, March 15th were given a $0.19 dividend. The ex-dividend date was Wednesday, March 14th. This represents a $0.76 annualized dividend and a yield of 1.60%. First Financial Bankshares’s dividend payout ratio (DPR) is presently 44.71%.
In other First Financial Bankshares news, Director Johnny Trotter acquired 11,400 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were acquired at an average cost of $45.10 per share, with a total value of $514,140.00. Following the transaction, the director now owns 388,938 shares of the company’s stock, valued at approximately $17,541,103.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven L. Beal sold 15,973 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $47.37, for a total value of $756,641.01. Following the completion of the transaction, the director now directly owns 1,465 shares in the company, valued at $69,397.05. The disclosure for this sale can be found here. Corporate insiders own 4.77% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System lifted its position in First Financial Bankshares by 6.3% in the 4th quarter. Louisiana State Employees Retirement System now owns 28,500 shares of the bank’s stock valued at $1,284,000 after acquiring an additional 1,700 shares in the last quarter. BB&T Securities LLC lifted its position in First Financial Bankshares by 10.2% in the 4th quarter. BB&T Securities LLC now owns 18,605 shares of the bank’s stock valued at $838,000 after acquiring an additional 1,719 shares in the last quarter. First Republic Investment Management Inc. lifted its position in First Financial Bankshares by 14.8% in the 4th quarter. First Republic Investment Management Inc. now owns 15,753 shares of the bank’s stock valued at $710,000 after acquiring an additional 2,036 shares in the last quarter. Aperio Group LLC lifted its position in First Financial Bankshares by 13.9% in the 4th quarter. Aperio Group LLC now owns 18,057 shares of the bank’s stock valued at $813,000 after acquiring an additional 2,210 shares in the last quarter. Finally, Meadow Creek Investment Management LLC lifted its position in First Financial Bankshares by 33.2% in the 4th quarter. Meadow Creek Investment Management LLC now owns 9,146 shares of the bank’s stock valued at $412,000 after acquiring an additional 2,278 shares in the last quarter. 51.51% of the stock is currently owned by institutional investors and hedge funds.
About First Financial Bankshares
First Financial Bankshares, Inc, through its subsidiaries, provides commercial banking products and services primarily in Texas. The company accepts checking, savings, and time deposits; and offers real estate, commercial, agricultural, and consumer loans to businesses, professionals, individuals, and farm and ranch operations.
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